-
Property, cyber and workers’ comp rates were all down mid-single digits, offsetting casualty hardening. -
Fronting doesn’t look any better when it’s broken down by segment.
-
It is understood around $1bn of premiums could be ceded to the proposed vehicle.
-
The broker will now have access to an M&A war chest for inorganic growth.
-
The WCB has denied the allegations, claiming its decisions were based on “reasonable investigations”.
-
The deal values the Onex-backed P&C broker at over $7bn.
-
Persistent social inflation challenges evident across key long-tail lines at half-year mark.
-
All rates were up on a year-over-year basis, except for workers’ compensation.
-
High H1 reserve releases of $7.4bn were driven by the largest of carriers.
-
The other liability loss ratio continued to rise as workers’ comp and commercial auto reversed course.
-
Equidad earlier sold its soccer team to group of US investors that includes actor Ryan Reynolds.
-
GL and workers’ comp, however, may benefit from a more competitive environment.
-
Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter.
-
The alleged insurance fraud targeted anyone who could fund the settlements, argued the plaintiffs.
-
The investigation follows several civil racketeering cases filed by Tradesman based on similar facts.
-
Early adopters of AI will see efficiencies – and likely increased market share, Kantar said.
-
The exec said the feds have been given data to potentially pursue criminal charges.
-
Property rates are coming under further pressure, while liability is being buoyed by ongoing challenging loss trends.
-
The rules would require paid rest breaks, among other measures.
-
High general liability losses are cause for concern despite modest improvements in other lines.
-
Sources said that the program manager is being advised by Dowling Hales.
-
Strong underwriting performance and aggressive repricing of risks in most lines has aided stability.
-
The executive will begin serving as Hiscox USA’s CUO as of May 5.
-
Macroeconomic volatility could also create top-line headwinds.
-
The insurer's professional liability reinsurance book shrank by around 25%.
-
The executive will also oversee premium audit and customer service.
-
What past trends can tell us about the future of commercial reserving.
-
Defendants claim that Tradesman lacks standing to bring the case.
-
The InsurTech was also removed from under review, negative.
-
Newly released annual stat filings on reserve data show some troubling trends.
-
The industry continues to take reserve addition medicine in smaller doses than recommended.
-
Executives see earnings benefits from workers’ comp beginning to diminish.
-
Workers' comp continued to offset GL adverse development, but the bucket is running dry.
-
Profitability over growth continues to be the company’s “mantra”.
-
The bill was introduced shortly after a similar bill failed in Mississippi.
-
Cyber premiums dropped 1.8%, while commercial auto was up 8.9%.
-
The move will expand Nationwide’s stop loss insurance sales to SMEs.
-
NCCI’s WCWMI posted 2.3% growth last year, below 2023’s 2.9%.
-
The insurer’s strong Q4 results might not read across to the rest of its peer group.
-
Trends leading into 2025 may indicate workers’ comp releases have peaked.
-
Executives have said that the carrier’s conservative reinsurance program made losses sustainable.
-
The law takes effect January 1.
-
A jury found the retailer defamed a former driver with false claims of workers’ compensation fraud.
-
Through Q2 2024, the index is up 10% since 2020.
-
Executives said the company continues to shrink its book of business in markets with poor underwriting conditions.
-
Plaintiff Ionian has alleged a “fraudulent scheme” under the Rico laws.
-
Asbestos claims for exposed insurers could place more pressure on workers’ comp reserves.
-
Despite pricing declines, state funds recorded their third year of DWP growth.
Most Recent
